Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8 - Goodwill and Other Intangible Assets

During 2021, the Company recorded goodwill totaling $7.6 million and other intangible assets totaling $14.1 million in connection with the acquisitions of the Lincoln Agency and Pulley-White. There were no changes to the carrying amount of the Company's goodwill during the year ended December 31, 2020.

The components of the Company's goodwill and other intangible assets are as follows:


(Dollars in thousands) December 31, 2021	Gross		Accumulated Amortization		Net
Goodwill	$	34,368	$	—	$	34,368
Other intangible assets:
Core deposit intangibles	1,260		(1,248)		12
Relationship based intangibles	19,650		(4,421)		15,229
Tradename	1,004		(186)		818
Non-compete	903		—		903
Total	$	57,185	$	(5,855)	$	51,330
December 31, 2020
Goodwill	$	26,741	$	—	$	26,741
Other intangible assets:
Core deposit intangibles	1,260		(1,192)		68
Relationship based intangibles	7,304		(3,648)		3,656
Tradename	186		(171)		15
Non-compete	270		(270)		—
Total	$	35,761	$	(5,281)	$	30,480

Amortization expense on other intangible assets totaled $844,000, $1.1 million and $1.3 million for the years ended December 31, 2021, 2020 and 2019, respectively, and was included as a component of other noninterest expense in the consolidated statements of income.

Estimated future amortization expense for intangible assets remaining at December 31, 2021, was as follows:


(Dollars in thousands) Years Ended December 31,
2022	$	2,072
2023	1,971
2024	1,610
2025	1,467
2026	1,327
Thereafter	8,515
Total	$	16,962